DENEST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DENEST
Largest movements
- Cash +€2,697
up €2,697 (+326%), from €828 to €3,525
mainly Other debts (+€9,256) and Depreciation (+€386)
- Tangible fixed assets -€386
down €386 (-22.4%), from €1,723 to €1,337
- Receivables within one year +€159
new in 2025: €159
- Other debts +€9,256
up €9,256 (+7.8%), from €118,849 to €128,105
- Profit (loss) carried forward -€6,156
down €6,156 (-4.6%), from -€132,395 to -€138,551
- Trade debts -€436
down €436 (-11.8%), from €3,698 to €3,262
- Tax, wage and social debts -€194
down €194 (-72.1%), from €269 to €75
- Gross operating margin -€5,024
down €5,024 (-1,253%), from -€401 to -€5,425
- Other operating charges -€378
down €378 (-59.2%), from €638 to €260
- Depreciation +€160
up €160 (+70.8%), from €226 to €386
- Financial charges -€79
down €79 (-48.2%), from €164 to €85
- Taxes -€75
no longer reported in 2025 (was €75)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,821 | €5,291 | +€2,470 | +87.6% |
| Fixed assets | 21/28 | €1,993 | €1,607 | -€386 | -19.4% |
| Tangible fixed assets | 22/27 | €1,723 | €1,337 | -€386 | -22.4% |
| Furniture and vehicles | 24 | €1,723 | €1,337 | -€386 | -22.4% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €828 | €3,684 | +€2,856 | +345% |
| Amounts receivable within one year | 40/41 | - | €159 | +€159 | |
| Other amounts receivable | 41 | - | €159 | +€159 | |
| Cash at bank and in hand | 54/58 | €828 | €3,525 | +€2,697 | +326% |
| Total equity and liabilities | 10/49 | €2,821 | €5,291 | +€2,470 | +87.6% |
| Equity | 10/15 | -€119,995 | -€126,151 | -€6,156 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,395 | -€138,551 | -€6,156 | -4.6% |
| Amounts payable | 17/49 | €122,816 | €131,442 | +€8,626 | +7.0% |
| Amounts payable within one year | 42/48 | €122,816 | €131,442 | +€8,626 | +7.0% |
| Trade debts | 44 | €3,698 | €3,262 | -€436 | -11.8% |
| Suppliers | 440/4 | €3,698 | €3,262 | -€436 | -11.8% |
| Taxes, remuneration and social security | 45 | €269 | €75 | -€194 | -72.1% |
| Taxes | 450/3 | €269 | €75 | -€194 | -72.1% |
| Other amounts payable | 47/48 | €118,849 | €128,105 | +€9,256 | +7.8% |
| Non-recurring operating income | 76A | €8,823 | - | -€8,823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226 | €386 | +€160 | +70.8% |
| Other operating charges | 640/8 | €638 | €260 | -€378 | -59.2% |
| Gross operating margin | 9900 | -€401 | -€5,425 | -€5,024 | -1,253% |
| Operating profit (loss) | 9901 | -€1,265 | -€6,071 | -€4,806 | -380% |
| Financial charges | 65/66B | €164 | €85 | -€79 | -48.2% |
| Recurring financial charges | 65 | €164 | €85 | -€79 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,429 | -€6,156 | -€4,727 | -331% |
| Income taxes | 67/77 | €75 | - | -€75 | |
| Profit (loss) for the period | 9904 | -€1,504 | -€6,156 | -€4,652 | -309% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,504 | -€6,156 | -€4,652 | -309% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.